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AICEP
Agência para o Investimento e Comércio Externo de Portugal

CABEÇALHO

Mineral and Financial Investment Limited has converted a sizeable chunk of the zinc resource at Lagoa Salgada in Portugal to Measured & Indicated from Inferred.

Most of the resource is situated within the North Zone and here the M&I resource rose by 71% to 10.3Mt and at a grade of 9.1% zinc equivalent.

 

Within that, resources in the most certain or measured category rose by 57% to 2.8 Mt at 10.7% ZnEq.

 

Total zinc resources at the site are 20.7Mt.

 

Gold mineralisation at the site was also upgraded to 1.7Mt at a grade of 4.6g/t.

 

MAFL added that drilling in the Central and South Zones identified copper-rich sulphide mineralization and future exploration will focus on expanding and upgrading these areas.

 

Partner Ascendant carried out the 8,164m drill programme and MAFL is hoping to a preliminary economic assessment can be published before the end of the year.

 

To date, the North Zone has been delineated by less than a total of 76 holes.

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